Short Interest in BranchOut Food Inc. (NASDAQ:BOF) Expands By 170.0%

BranchOut Food Inc. (NASDAQ:BOF) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 307,300 shares, an increase of 170.0% from the October 15th total of 113,800 shares. Approximately 6.8% of the company’s shares are sold short. Based on an average trading volume of 7,140,000 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On BranchOut Food

A hedge fund recently bought a new stake in BranchOut Food stock. Greenwood Gearhart Inc. acquired a new position in BranchOut Food Inc. (NASDAQ:BOF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 94,949 shares of the company’s stock, valued at approximately $66,000. Greenwood Gearhart Inc. owned approximately 2.23% of BranchOut Food at the end of the most recent quarter. Institutional investors and hedge funds own 2.59% of the company’s stock.

BranchOut Food Stock Performance

Shares of BOF stock opened at $2.07 on Wednesday. The stock has a market capitalization of $14.32 million, a PE ratio of -2.01 and a beta of 0.74. The business’s 50 day simple moving average is $1.89 and its 200 day simple moving average is $1.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.02 and a quick ratio of 1.80. BranchOut Food has a one year low of $0.61 and a one year high of $4.11.

BranchOut Food (NASDAQ:BOF) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. BranchOut Food had a negative return on equity of 175.74% and a negative net margin of 79.93%. The firm had revenue of $1.36 million during the quarter.

About BranchOut Food

BranchOut Food Inc develops, markets, sells, and distributes plant-based dehydrated fruit and vegetable snacks, and powders in the United States. The company offers dehydrated fruit and vegetable-based snacks, including avocado chips, chewy banana bites, pineapple chips, brussels sprout crisps, and bell pepper crisps; avocado, banana, and blueberry powders; and industrial ingredients, such as bulk avocado powder, dried avocado pieces, and other fruit powders/pieces.